Emergency Economic Stabilization Act of 2008 (FULL TEXT)

I just walked outside and turned MY American flag upside down (in Distress). I think we have reached the breaking point in American History and we
very well may see some of the worst years in American History. We for sure have witnessed some of thee worst lawmakers and cabinet members in
American History. I think we at ATS need to start looking at getting Lobbyists. We need to start our own Party or special interest group. ANYONE
AGREE?

Oh, it's going to be hell. Just be strong and be the best person you can. Being sad and fearful aren't going to make this situation better. Remember
that this is our country! We have to show them our teeth in dominance! Not fear!

In a solvency crisis and credit crisis that goes well beyond illiquidity no one is lending to counterparties as no one trusts any counterparty
(even the safest ones) and everyone is hoarding the liquidity that is injected by central banks.

If you don't know who Nouriel Roubini and Meredith Whitney are you should read up on them and how accurate they have been about the crisis.

There is nothing in the bill that I have seen that requires the benefactors of it to resume lending. They are hoarding the liquidity that CBs have
injected into the system. One of the greatest dangers to this bill is that after they unload their crap onto the taxpayer they don't resume lending.
There is no guarantee that this will staunch the crisis. It is too rushed, to big ( and paradoxically not big enough), and to weighted toward wall
street to support.

If this doesn't work, and I have just sighted two experts who say it won't. Then the government is 700Billion poorer in any actions it may take to
preserve itself for what is coming.

Because this is not a liquidity issue! It's a capital issue! They push $700,000,000,000.00 in the market, it's going to cause hyperinflation,
and the dollar will be worthless. As they are bailing out those institutions with money that will temporarily float them so they can "give credit,"
they are destroying the dollar and perpetuating the problem that is at the origin of this issue.

Actually you are right but also during the Nixon era our gold was substitute for oil that is when everything started to go down the crapper as US stop
been a big producer of oil and the oil dependency started.

And TH3ON3, I don't think we're talking years, here. I think the timeline is much more dire than that, especially after the fact. It doesn't take
long for that money to dampen the spending power of the dollar.

This thread should take up the entire screen of the ATS and board homepage. Who do we contact to get that done?

Pelosi was just on Cspan selling this thing as if this bill is the best we can do. Did I really see what I just saw?

Everybody who pointed out the fatal flaws in this hidden in plain sight bill should mail these findings to Jack Cafferty at CNN. He reads emails aloud
during the Situation Room w Wolf Blitzer. I didn't hear a word from Pelosi on the rape by the insiders still present here.

"(a) STANDARDS REQUIRED.— The Secretary shall issue regulations or guidelines necessary to address and manage or to prohibit conflicts of interest
that may arise in connection with the administration and execution of the authorities provided under this Act, including—

(1) conflicts arising in the selection or hiring of 18 contractors or advisors, including asset managers;

(2) the purchase of troubled assets;

(3) the management of the troubled assets held;

(4) post-employment restrictions on employees; and

(5) any other potential conflict of interest, as the Secretary deems necessary or appropriate in the public interest."

Talk about foxes guarding the hen house!

or this

Section 135. Preservation of Authority.
Clarifies that nothing in this Act shall limit the authority of the Secretary or the Federal Reserve under any other provision of law.

Originally posted by Alferd Packer
I just walked outside and turned MY American flag upside down (in Distress). I think we have reached the breaking point in American History and we
very well may see some of the worst years in American History. We for sure have witnessed some of thee worst lawmakers and cabinet members in
American History. I think we at ATS need to start looking at getting Lobbyists. We need to start our own Party or special interest group. ANYONE
AGREE?

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